Bitcoin and Ethereum ETFs Shed $316 Million in a Single Day
- —Bitcoin ETFs lost $244.1 million on Oct. 8; Ethereum ETFs shed $72.5 million
- —Fidelity's FBTC led outflows at $197.1 million, while Franklin's EZBC drew $4.7 million
- —Bitcoin ETF outflows have topped $820 million since the start of October
- —Crypto liquidations hit $1.19 billion in 24 hours, including $356 million in Ethereum positions
Why it matters: Sustained ETF outflows point to institutional caution and cast doubt on the historically bullish 'Uptober' narrative for Bitcoin.
Source: Coinpaper